Dollar's Dip Pre-FOMC: 97.00 Target Looming?
The Dollar’s Dip: Why the DXY is Slipping Before the FOMC Hey everyone, Sarah Miller here. I’ve been glued to the screens lately, and something interesting is happening with the U.S. Dollar Index, or DXY. For those who aren’t deeply entrenched in the forex world, the DXY essentially measures the dollar’s strength against a basket of major world currencies. And right now, it’s flirting with a significant psychological level – the 97.00 mark – and it’s actually falling as we head into a crucial Federal Open Market Committee (FOMC) meeting. ...